Friday, July 10, 2020
MDEC announces automation grant to support SMEs making the digital leap The Malaysia Digital Economy Corporation (MDEC) has introduced the #SMART Automation Grant (SAG) as part of the government’s initiative to expand support for small and medium enterprises (SMEs) to make the digital leap in this era of unprecedented disruption. Chief...
Demand for international travel to sink 80 per cent this year as coronavirus pandemic crushes tourism, says Euromonitor Demand for international travel could fall by as much as 80 per cent this year, and recovery to pre-crisis levels could be stretched into 2023 if the global economy sinks...
Britain to give Hongkongers residency rights and path to citizenship after National Security Law Passed The British government has agreed to allow around 3 million Hongkongers eligible for British National (Overseas) passports and their dependents (pic) told Parliament the law was a “clear and serious breach” of the 1984 Joint...
Asia Pacific consumers shift rapidly to digital commerce and show no signs of turning back The way we shop is changing and how we pay is evolving. As COVID-19 alters our daily lives, consumers in Asia Pacific are rapidly going digital with purchases of everything from groceries to...
Domestic tourism recorded double-digit growth in 2019, an increase of 11.5 per cent to RM103.2 billion compared to RM92.6 billion the year before, according to the Department of Statistics Malaysia. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the growth is attributed to an increase in expenditure by tourists and day-trippers, with...
China has formally adopted a controversial security law, giving it new powers over Hong Kong. It is set to criminalise secession, subversion and collusion with foreign forces, but will also effectively curtail protests and freedom of speech. China's state news agency, Xinhua, confirmed that President Xi Jinping...
Malaysian Inbound Tourism Association to kick off virtual domestic tourism fair on July 1 The Malaysian Inbound Tourism Association (MITA) will organize a virtual travel fair in a bid to restart domestic tourism. The 15-day MITA Cuti-Cuti Malaysia eTravel Fair will be held from 1 to 15 July. MITA President Uzaidi...
In an effort to assist small businesses that have been decimated by the coronavirus pandemic, American Express launched a new set of credits across almost all of its US personal and business cards to reward customers who shop at small businesses. American Express card members will receive a $5 credit...
Starbucks has announced it will suspend advertising on some social media platforms in response to hate speech. The coffee giant joins global brands including Coca-Cola, Diageo and Unilever which have recently removed advertising from social platforms.A Starbucks spokesperson told the BBC the social media "pause" would not...
World Bank: Malaysia can be high-income nation within 10 years The World Bank said that Malaysia could graduate from being a middle-income nation to a high-income country within 10 years’, but would need to carry out six major reforms, including by creating high-paying jobs and having more women join the...
The World Bank and the International Monetary Fund (IMF) has revised their economic forecasts for Malaysia to account for a larger year-on-year contraction than previously estimated.The World Bank said in its June 2020 Malaysia Economic Monitor that Malaysia’s economy, as measured by gross domestic product (GDP), is...
Britain’s Financial Services Minister, John Glen said some banks will cut office space in London’s financial district as they “reset” their operations following the Covid-19 pandemic. The bulk of staff at banks have been working from home since Britain introduced a lockdown in March to fight the pandemic. It...

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